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Tung Ho Steel Enterprise (TPE:2006) Total Inventories : NT$19,778 Mil (As of Mar. 2024)


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What is Tung Ho Steel Enterprise Total Inventories?

Tung Ho Steel Enterprise's total inventories for the quarter that ended in Mar. 2024 was NT$19,778 Mil. Tung Ho Steel Enterprise's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was NT$19,836 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tung Ho Steel Enterprise's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-17.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tung Ho Steel Enterprise's Days Inventory for the three months ended in Mar. 2024 was 141.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tung Ho Steel Enterprise's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Tung Ho Steel Enterprise's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.34.


Tung Ho Steel Enterprise Total Inventories Historical Data

The historical data trend for Tung Ho Steel Enterprise's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tung Ho Steel Enterprise Total Inventories Chart

Tung Ho Steel Enterprise Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13,819.64 12,227.39 20,495.17 18,821.30 19,894.02

Tung Ho Steel Enterprise Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18,596.38 18,802.88 19,640.86 19,894.02 19,777.52

Tung Ho Steel Enterprise Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Tung Ho Steel Enterprise  (TPE:2006) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Tung Ho Steel Enterprise's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2367.877+0.75 * 3670.405+0.5 * 19777.519-27377.005
-0-121.274)/730.214
=-17.10

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Tung Ho Steel Enterprise's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=19835.768/12812.237*365 / 4
=141.27

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tung Ho Steel Enterprise's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=12812.237 / 19835.768
=0.65

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Tung Ho Steel Enterprise's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=19835.768 / 14846.311
=1.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Tung Ho Steel Enterprise Total Inventories Related Terms

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Tung Ho Steel Enterprise (TPE:2006) Business Description

Traded in Other Exchanges
N/A
Address
Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

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